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FinTech news in Equity Management category

Capbase gets acquired by Deel for an undisclosed amount

Remote payroll startup Deel has acquired fintech Capbase for an undisclosed amount in a cash and stock deal, the companies have told journalist exclusively. With its acquisition of Capbase, Deel plans to pair those services with a new product dedicated to equity management and issuance. It was drawn to the fact that Capbase works to help companies with incorporation and fundraising in their early days as well as with compliance filings and granting equity as they mature, according to Bouaziz. Services it offers include helping companies send offer letters, grant equity to new employees, manage their cap tables and get a 409A valuation report, among other things.